Greenlane Holdings, Inc. (NASDAQ:GNLN - Get Free Report) saw an uptick in trading volume on Friday . 453,049 shares were traded during mid-day trading, an increase of 335% from the previous session's volume of 104,256 shares.The stock last traded at $3.55 and had previously closed at $0.01.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Greenlane to a "sell" rating in a research report on Saturday.
View Our Latest Stock Analysis on Greenlane
Greenlane Stock Performance
The firm's 50-day simple moving average is $0.08 and its 200-day simple moving average is $0.67.
Greenlane (NASDAQ:GNLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($240.00) earnings per share for the quarter. Greenlane had a negative net margin of 173.31% and a negative return on equity of 152.22%.
Institutional Investors Weigh In On Greenlane
An institutional investor recently bought a new position in Greenlane stock. Citadel Advisors LLC bought a new position in Greenlane Holdings, Inc. (NASDAQ:GNLN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,369 shares of the company's stock, valued at approximately $29,000. Citadel Advisors LLC owned about 1.30% of Greenlane at the end of the most recent reporting period. Institutional investors own 13.96% of the company's stock.
Greenlane Company Profile
(
Get Free Report)
Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.
Featured Articles
Before you consider Greenlane, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greenlane wasn't on the list.
While Greenlane currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
